0001193125-11-194608.txt : 20110722 0001193125-11-194608.hdr.sgml : 20110722 20110722140153 ACCESSION NUMBER: 0001193125-11-194608 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110722 DATE AS OF CHANGE: 20110722 EFFECTIVENESS DATE: 20110722 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT CENTRAL INDEX KEY: 0000742277 IRS NUMBER: 390509570 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-36865 FILM NUMBER: 11982235 BUSINESS ADDRESS: STREET 1: 720 E WISCONSIN AVE CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4146652508 MAIL ADDRESS: STREET 1: 720 EAST WISCONSIN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 0000742277 S000000058 NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT C000031362 Variable Executive Life 497 1 d497.htm NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT (VEL) Northwestern Mutual Variable Life Account (VEL)

THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY

 

 

NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT

SUPPLEMENT TO THE PROSPECTUSES

VARIABLE EXECUTIVE LIFE (DATED MAY 1, 2011)

 

 

(Replaces supplement dated July 1, 2011)

This Supplement revises certain information contained in the Prospectus referenced above dated May 1, 2011.

With regard to the Money Market Portfolio, effective July 1, 2011, in the section titled, “Annual Portfolio Operating Expenses”, the footnote to the Money Market Portfolio is amended to read:

 

  (6) Money Market Portfolio - Effective July 1, 2011, with respect to the Money Market Portfolio, MSA has voluntarily agreed to waive a portion of its management fee on a temporary basis such that the management fee is 0.15% of the Portfolio’s average net assets. This voluntary waiver will be reviewed periodically by MSA in light of market and economic developments and may be revised or discontinued at any time without advance notice.

With respect to the Maximum Cost of Insurance charge, effective immediately, the Maximum Charge under the “Current Charge” of the Periodic Charges (Other than Portfolio Operating Expenses) table is changed to read as follows:

 

Charge   

When Charge is

Deducted

 

    Current Charge    Maximum Guaranteed  Charge
Monthly Policy Charge—Cost of Insurance Charge1          
Maximum Charge2    Monthly, on each monthly processing date    $83.33 per $1,000 of net amount at risk    Same as current amount

Please read this Supplement carefully and keep it with your Prospectus for future reference.

This Supplement is dated July 22, 2011.